Next-generation pricing platform Pricemoov announces $10 million Series A funding round to make intelligent pricing accessible to businesses of all sizes
Pricemoov, the cloud company that powers intelligent pricing decisions, today announced it has raised $10 Million in its Series A funding round led by ISAI and Bpifrance Digital Venture. Pricemoov will use the financing to grow its team, significantly invest in product development, and expand its presence internationally.
The challenges surrounding pricing are constantly increasing as businesses navigate inflation, supply chain disruptions, and cost volatility. This is further complicated by the omnichannel imperative, competitive pressures, and rapidly changing customer expectations. Pricemoov absorbs all this complexity in order to help companies make better pricing decisions and remain profitable.
“We believe Pricemoov has an opportunity to bring intelligent pricing to businesses at any stage of their pricing maturity with an easy-to-use, intuitive platform,” commented Adrien Neel, Investment Director at Bpifrance Digital Venture. “We are excited to partner with Pricemoov to support its continued efforts to democratize pricing.”
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To continue its growth and become the platform of choice for modern pricing, Pricemoov will open a number of new positions and strengthen its international presence to support customers with a global footprint. This fundraising will also enable Pricemoov to invest in its technology and product innovation.
“We are impressed with Pricemoov’s pricing expertise and platform capabilities and believe that the company is well positioned to accelerate its growth in this promising market,” said Francois Collet, Partner at ISAI. “We look forward to working closely with Pricemoov’s leadership team to keep pushing the boundaries of pricing.”
This funding round comes as Pricemoov closes out an impressive fiscal year of aggressive growth. The company saw a 150% annual increase in revenue and grew its customer base by 200%, including new customers Jokr, Recommerce, Samkaup, and Audi on demand. This commercial expansion was accompanied by Pricemoov doubling its team and geographical growth in both Europe and the USA.
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“We are thrilled by the support of investors like ISAI and Bpifrance Digital Venture as we embark on the next chapter of our growth,” said Pierre Hebrard, CEO and Co-Founder of Pricemoov. “This round of funding will allow us to invest in our growth, expand our platform, and enhance our offering, furthering our mission to help companies across all industries make better pricing decisions with greater confidence and speed.”